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AUDITING THROUGH THE COMPUTER describes the various steps taken by auditors to evaluate client's software and hardware to determine the reliability of operations that is hard for human eyes to view and also test the operating effectiveness of related computer controls, e.g., access control WHILE
AUDITING AROUND THE COMPUTER is one of the several methods that auditors can use to evaluate a client's computer controls. It involves picking source documents at random and verifying the corresponding outputs with the inputs. The client's
computerized information system processes the 'test transaction'. For example, multiplying unit price with the number of products sold to ensure that the total revenue figure is correct.
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What is meant by auditing around the computer?
Auditing around the computer refers to the practice of evaluating an organization's financial and operational processes without directly examining the computer systems or software that support those processes. Instead, auditors focus on the outputs and results generated by the systems, often using alternative methods such as manual checks or external documentation to assess accuracy and compliance. This approach can help identify discrepancies or issues that may not be visible through system-based audits alone. However, it may not provide a complete understanding of potential risks associated with the underlying IT systems.
What is routine checking in Auditing?
This is when you will go through everything occasionally. It allows for the chance to catch any mistakes or issues that may come up.
What is the relationship among assurance attestation and auditing?
Assurance, attestation, and auditing are interconnected concepts in the field of accounting and finance. Assurance refers to the overall process of providing confidence in the reliability of information, which can be achieved through various services, including attestation and auditing. Attestation is a specific type of assurance service where an independent practitioner evaluates and reports on the reliability of a subject matter, such as financial statements, based on established criteria. Auditing, a subset of attestation, involves a systematic examination of financial records to ensure accuracy and compliance with accounting standards, ultimately providing assurance to stakeholders.
What is measured by profit margin?
Profit, is called the difference of amount between purchase price and sale price. Through the profit margin we come to know that how the business is running. Or, how successful (profitable) IS this business?
What is the difference between vouching and routine checking?
Routine checking is where the books and accounts are checked to see that no discrepancies are there. Vouching is a periodic checking of each transaction to make sure it goes through correctly.
What has the author J L Bayuk written?
J. L Bayuk has written: 'Stepping through the IS audit' -- subject(s): Computer systems, Auditing
What is the difference between computer to hub and computer to computer?
a hub is a central unit.. through which all the wires (termed as transmission medium) pass in a network.. so a computer to hub means the wires are passed through a hub.. whereas computer to computer can mean the computers are directly connected (home LAN) or via hub
What is the difference between series and parralal circuit?
difference between series is one pathway through circuit,difference between parralal is more then one pathway through circuit.
What is the difference between technology now and before?
The difference between technology now and before is that now, computer complete many tasks that were one performed by humans. Technology has also improved to allow better communication through phones and computers.
What is the difference between robots and mechanical arms?
First a common trait of machines and robots: They are both mechanical devices operated through computer programming to perform task.
What is difference between hub and switch in computer?
a hub is a central point in a network through which all the wires pass, a switch connects more than 2 LAN networks
What is the phase difference between the current through the resistor and inductor in an AC circuit?
The phase difference between the current through the resistor and inductor in an AC circuit is 90 degrees.
What is the difference between a torpedo and a missile?
The difference between a missile and a torpedo is that a torpedo travels in the waters and a missile flys through the air.
What is the difference between through and by with examples?
do u chat by mobile
What is the difference between a wired link cable and a wireless cable?
The differences between cable and wireless internet is that, when it is "cable" internet a physical cable is connected between the computer and the router. Whereas the "wireless" internet is wireless, it sends information through the air to your computer.
What is the difference between Wireless And Mobile Computing?
Mobile computing simply means that computing tasks are performed outside the normal computing environment on a mobile computer (such as a laptop or notebook, or a PDA), rather than a computer that sits stationary on a desk in a room. Wireless computing means that data is sent from computer to computer through a wireless connection.
What is the difference between bulk motion and diffusion?
The difference between the two is that bulk motion is the flow through the capillary. Diffusion is the movement of the molecules in a fluid.Ê
